Marc Faber on 2008.12.29 about economy, inflation and deflation

Marc Faber suggested on monday, 2008.12.29, on CNBC Squawk Box, to stay diversified but also to consider buying precious metals, oil and even industrial commodities.

Category:

News & Politics

Tags:

• Marc
• Faber
• economy
• gold
• money
• dollar
• silver
• FED

[marky1333]

Faber was predicting hyper inflation now . now he's say 1,2,3 years hmmm

[peacespeech]

When exactly "Faber was predicting hyper inflation"?

[disciple90633]

how many times do these idiots on cnbc need Faber to repeat that he is most bullish on precious metals?

There will be no deflation, idiots. We are headed for HUGE inflation in 2-5 years.

When will the brainwashed mainstream media get it through their heads?

[peacespeech]

There is "deflation" going on (if you define deflation by decrease of prices), for example oil, stocks, most commodities are still goin down.

But if you define "deflation" by decrease in money supply - then you're right, we have massive monetary inflation going on..

[becauseicare2]

Tell the cameraman with adhd to stop moving the freakin camera!!!!!!!!!!!!!

[automaticAEV]

I hope the economy crashes so i dont have to work anymore.

[falconxlc]

CNBC - UPDATE THAT PICTURE!

[Lingerfoot]

Check out Gerald Celente too!

[r32faisal]

if the economy crashes, you might have to work for the first time in your life

[TETurkhan]

Its hard not to acknowledge that Ron Paul has been right in all his warnings well before any of the other politicians. Now, will Americans choose his message that we need to tighten our belts or politicians that promise much but cannot deliver anything without burdening further generations.

[Mikhail617]

Ron Paul for President 2012

[MANofINACTION]

I'll bring you some snu... WHAT?! SNU- WHAT?! THE SUSPENSE IS KILLING ME!

[mongobobo]

My call on gold was wrong. We are seeing some strange goings on when the dollar and gold are moving in concert. Despite the bad call on gold I still came up 15-20% in two days. The question is, do I have enough balls to hold on for more than a few weeks.

[mongobobo]

Buy stocks tomorrow!

GLD, DGP, SLV, AEM, FCX, TBT and others. We will see a good 4 month rally that could send the S&P over 1,000 and the DOW over 10k. Obama's stimulus plus the approval of a 'Bad' Bank to buy worthless paper are going forward. In April or May sell all assests and go short all sectors and long the dollar.

[INCACOCARICA]

8:09 --> "..I bring you some snow.." --good one

[marky1333]

High interest rates wouldn't be inflationary Companies and people with debt wouldn't be able to make the repayments their debts/money would then be deleted/deflated out of the system.

Dont buy into this hyper inflation it's not going to happen, it may happen when all the debt has been deflated out of the system but thats going to take a long time.

Right now the only way would be for the government to seize the fed and order hyper inflation, really can't see that happening.